Service Details
Term Life
About Term Life Insurance
Term Life Insurance – also known as “Income Replacement insurance”,or”Mortgage Protection insurance” – is a term life insurance policy for a certain time period of coverage. Term may or may not be renewable. When that term is up so is the insurance.
When you pass away, the insurance company will merely pay out the death benefit in the form of a tax-free check payable to the beneficiaries of your choice. There are no restrictions on how the money is spent.
Benefits
- Coverage typically ranges from $25,000 to $10,000,000
- Some health issues will prevent acceptance
- Your loved ones can spend money with no restrictions
- Most policies have no waiting period
- Health exams required
- Rates are locked in for term and cannot increase
- Coverage will expire at the end of the term period
- No immediate payment required when you apply
- Payout typically within 30 days
- Usually does not build cash value
Contact Us
Location:
1200 S Horner Blvd #5046, Sanford NC 27331
Support:
info@vigrp.com
* All information provide will remain confidential.
